Hausen, Germany, August 17, 2012. Krannich Solar GmbH & Co. KG, a leading wholesaler of photovoltaic systems and SolarEdge Technologies, a leading global provider of end-to-end solar power optimization systems and PV monitoring solutionsannounced today the global distribution partnership in order to supply the growing demand for SolarEdge innovative products. Krannich Solar will distribute the SolarEdge portfolio including power optimizers, highly reliable PV inverters and a web portal for module-level monitoring in their 17 branches in 12 countries around the world.

SolarEdge recently announced the record shipment of 1,000,000 power optimizers in over 30 countries and in combination with the strong global presence of Krannich Solar, customers will benefit from a field proven technology that enables up to 25% more energy, flexible design for maximum roof utilization, cost-effective maintenance with module level monitoring and automatic DC safety during installation, maintenance, and firefighting. ”Joining with SolarEdge will allow us to respond to our customers’ demand.” says Krannich Solar. “As a leading wholesaler, our customers expect to be provided with the most innovative technology and a reliable PV installation.”

“This significant and strategic opportunity with Krannich Solar will enable us to capture and increase our growing share within the worldwide PV market.” said Zvi Lando, VP Global Sales of SolarEdge. “Building on the success of over 17 years of experience and a track record of more than1GW worldwide installations, we are proud to have Krannich Solar become one of our leading partners.”

About SolarEdge Technologies

SolarEdge Technologies provides end-to-end distributed solar power optimization and PV monitoring solutions, allowing maximum energy production for faster ROI. The SolarEdge power optimizers perform MPPT per individual module while monitoring the performance of each module. The high efficiency SolarEdge inverter is tailor-made to work with power optimizers. The SolarEdge system provides optimal power, flexible design and full roof utilization. Module-level electronics enable enhanced maintenance and increased system safety with the SafeDC™ mechanism. SolarEdge is online at www.solaredge.com